Throughout the debate over if and how to replace the sequestration spending cuts that have officially gone into effect, President Barack Obama pushed for what he called a “balanced” plan of spending cuts and tax hikes to attack deficit reduction, and scolded his Republican antagonists for not agreeing to his proposed tax hikes. It’s been a common theme for the President for a couple of years now – acknowledging that deficit reduction is a priority while continuing to push for “balance.” Expect to see it further in the coming debate over an operating budget for the federal government.
Barack Obama last week said “I’m not a dictator” in a response to reporters who ask why he hasn’t been able to work out a deal with Republicans. News articles have been headlined “Republicans Refuse to Compromise.” All this despite the fact that Barack Obama has gotten everything he wanted out of deficit reduction.
In President Obama’s 2011 fact sheet on his budget goals, the White House wrote:
Balance Between Spending Cuts and Tax Reform: The President’s framework would seek a balanced approach to bringing down our deficit, with three dollars of spending cuts and interest savings for every one dollar from tax reform that contributes to deficit reduction. This is consistent with the bipartisan Fiscal Commission’s approach.